Out of Y Combinator, the Guadalajara-based fintech/HR startup Plerk raised $1 million from Magma Partners, 500 Startups, Y Combinator itself, Peak Capital, Horseplay Ventures and MGV Capital Group.
Founded by former Rappi employees Miguel Medina and Angel Arias, and former Banregio Labs‘ Antonio Martínez, Plerk helps companies give their employees better benefits. As noticed by Magma Partners, the idea for Plerk originated as a virtual card to pay for flexible benefits and services. As LABS has shown, remote work accentuated the demand for flexible corporate benefits.
With Plerk, companies allocate funds for their employees who can choose from over 5,000,000 e-commerce vendors worldwide to spend the money on.